CHRISTIAN STUDY CENTRE PEACE BUILDING AND INTERFAITH HARMONY INITIATIVES BALANCE SHEET AS AT 31 DECEMBER 2012

Note

2012 ----- (Rupees) -----

2011 ----- (Rupees) -----

ASSET Due from Inter-Church Organization for Development Cooperation and Kerk-In-Actie Due from Christian Study Centre LIABILITY Due to Christian Study Centre Deferred Income 5,047,866 5,047,866 1,013,033 1,013,033 5,047,896 5,047,896

1,013,003 1,013,003

The annexed notes from 1 to 10 form an integral part of these financial statements.

HEAD OF FINANCE

BOARD MEMBER / TREASURER

CHRISTIAN STUDY CENTRE PEACE BUILDING AND INTERFAITH HARMONY INITIATIVES INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2012

Note

2012 2011 ----------------- (Rupees) ------------------

INCOME Grant from Inter-Church Organization for Development Cooperation and Kerk-In-Actie EXPENDITURE Direct project costs Salaries and other benefits Other expenses 8. 9. 10. 2,712,899 1,898,000 1,450,000 6,060,899 1,591,231 1,898,000 1,337,156 4,826,387 6,060,899 4,826,387

SURPLUS / (DEFICIT) FOR THE YEAR

The annexed notes from 1 to 10 form an integral part of these financial statements.

HEAD OF FINANCE

BOARD MEMBER / TREASURER

CHRISTIAN STUDY CENTRE PEACE BUILDING AND INTERFAITH HARMONY INITIATIVES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012

1.

STATUS AND OBJECTIVES Christian Study Centre, ("the Centre"), was founded in 1967 as a service-oriented research institution in the area of Christian-Muslim relations, to serve the Church and the Christian community in Pakistan. The Centre was envisioned as an autonomous, non-profitable organization for the explicit purpose of study and research in Christianity and Islam and their relationship.

2.

PROJECT BACKGROUND AND ACTIVITIES During 2011 the Centre signed an agreement for the continuation of the Peace Building and Interfaith Harmony Initiatives, ("the Project"), with the Caritas Italiana. The Project aims to help people of different faiths to understand the fundamental principles of each others faith and promote similarities for creating environment of peace, love, harmony, tolerance and acceptance. Specifically, over the period of execution, the Project will include: a) focus group discussion meetings; b) four day awareness building workshops of 12 indirect beneficiaries if target areas; c) follow-up workshops of 12 partner organizations; d) NGO activity fund disbursements for implementation of 24 peace building activities at field level through 6 selected and trained partner organizations; e) Visits to monitor the intervention of the project purpose; and f) Publication of Theological Journal.

Due to certain un-avoidable circumstances the Center could not implement all the above said activities. Hence it requested Caritas Italiana to extend the period of the project to further three months. 3. BASIS OF PREPARATION These financial statements have been prepared under the historical cost convention. These are prepared in accordance with the terms of the grant agreement with the Donor. 4. SIGNIFICANT ACCOUNTING POLICIES 4.1 Grant income Grants are recognized where there is reasonable assurance that the grant will be received and all attached conditions will be complied with. When the grant relates to an expense item, it is recognized as income over the period necessary to match the grant on a systematic basis to the costs that it is intended to compensate.

s CHRISTIAN STUDY CENTRE PEACE BUILDING AND INTERFAITH HARMONY INITIATIVES 4.2 Capital expenditure All capital expenditure is expensed in the period in which it is incurred in accordance with the grant agreement with the Donor. 4.3 Foreign currency translations The reporting and functional currency of the Project is Pak Rupees. All transactions incurred in foreign currencies are converted into Pak Rupees by applying the rate prevailing at the date of the transaction. 4.4 Cost allocation Certain costs including salaries of project staff and the indirect costs in Note 8 represent allocations by the Centre to the Project. The centre analyses its total costs on an annual basis and allocations to the Project are made upto the maximum budget limit, as prescribed by the Donor, in the Project budget.

5.

DUE FORM CRITAS ITALIANA This represents the balance of the grant receivbale from the Critas Itialana, spent by the center for the project activities. Critas Itialana agreed to dispurse the second tranch of the grant upon meeting covenants of the grant agreement. But due to conditions stated in note 2 center could not receive the said tranch.

7.

DUE TO CHRISTIAN STUDY CENTRE This comprises the amounts due to the Centre on account of project activities and allocation of indirect cost incurred by the Centre on behalf of the Project. 2012 2011 ----------------- (Rupees) ------------------

8.

DIRECT PROJECT COSTS Building connections Five day school of theology Library acquisition Al-Mushir publication One day consultation forum One day national seminar Planning group consultation days Three days awareness building workshop Two days follow-up workshop 8.1 123,650 2,107,265 180,059 59,541 242,384 2,712,899 131,430 268,686 367,326 413,680 410,109 1,591,231

These project costs include charges by the Centre (for providing various facilities to the Project), such as rent of the Centre's premises and meals for delegates and students. 2012 2011 ----------------- (Rupees) -----------------

9.

SALARIES AND BENEFITS Directors Financial advisor Head of finance Head of Programs Head of admin Project officers Finance and audit coordinator Finance officer Other support staff 9.1 683,000 278,800 136,000 125,000 75,000 258,600 107,600 234,000 1,898,000 394,875 535,125 240,000 169,000 275,000 50,000 234,000 1,898,000

This represent allocation of common salaries and benefits cost of the Centre which is limited to the amount prescribed in the project budget.

3 CHRISTIAN STUDY CENTRE PEACE BUILDING AND INTERFAITH HARMONY INITIATIVES 2012 2011 --------------- (Rupees) ---------------10. OTHER EXPENSES Capital expenditures Audit fee 1,200,000 250,000 1,450,000 1,155,656 181,500 1,337,156

11.

DATE OF AUTHORIZATION These financial statements were authorised for issue on _________________ by the Board of Management.

12.

GENERAL Figures have been rounded off to the nearest Pak Rupee.

HEAD OF FINANCE

BOARD MEMBER / TREASURER

CHRISTIAN STUDY CENTRE Funding Agency: ICCO & KIA Title of Intervention: CSC Peace Building and Interfaith Harmony Activities-Year 2011 to Year 2013 Budget monitoring report Current reporting period: 1st January 2012 to 31st December 2012

Account code

Description

Financial element

Debit Rupees

Credit Rupees

Salaries and fringe benefits

24024

Salary Expense

Expense Subtotal

1,898,000
1,898,000

Program Cost
24001

Al-Mushir One day National Seminar

Theology in Context of Pakistan and Islam
24028 Building Connections 24029 Planning Group Consultation Days 24030 5 Day School of Theology

Expense Expense

59,541 -

Expense Expense Expense

123,650 242,384 2,107,265

Building Research Capacity 24031 24005 Library Acqusitions (Books) Research Seminar

Expense Expense Subtotal

180,059 2,712,899

24022 24008

Audit Fees Capital Expenses and Audit

Expense Expense Subtotal Grand Total

250,000 1,200,000
1,450,000 6,060,899

480107

Grant income

Income

6,060,899

682 61303

Receivable from ICCO & KIA Fund Balance

Asset Liability

(4,810,169) (4,810,169)

1,250,730

1,250,730